Mosaic Family Wealth LLC boosted its position in shares of Accenture Plc (NYSE:ACN) by 60.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,302 shares of the information technology services provider’s stock after purchasing an additional 493 shares during the period. Mosaic Family Wealth LLC’s holdings in Accenture were worth $199,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Foster & Motley Inc. grew its holdings in Accenture by 0.8% during the 4th quarter. Foster & Motley Inc. now owns 39,904 shares of the information technology services provider’s stock valued at $6,109,000 after purchasing an additional 318 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Accenture by 11.2% during the 4th quarter. Park Avenue Securities LLC now owns 3,251 shares of the information technology services provider’s stock valued at $500,000 after purchasing an additional 327 shares during the last quarter. Monroe Bank & Trust MI grew its holdings in Accenture by 27.8% during the 3rd quarter. Monroe Bank & Trust MI now owns 1,646 shares of the information technology services provider’s stock valued at $193,000 after purchasing an additional 358 shares during the last quarter. Capital Analysts LLC grew its stake in Accenture by 4.9% in the 4th quarter. Capital Analysts LLC now owns 7,937 shares of the information technology services provider’s stock worth $1,215,000 after acquiring an additional 368 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its stake in Accenture by 104.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 372 shares in the last quarter. Institutional investors own 75.58% of the company’s stock.
ACN has been the topic of a number of research analyst reports. Robert W. Baird restated a “hold” rating and issued a $155.00 target price on shares of Accenture in a research note on Thursday, December 7th. Pivotal Research set a $180.00 target price on shares of Accenture and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $172.00 target price on the stock in a research note on Wednesday, December 27th. Bank of America upped their target price on shares of Accenture from $150.00 to $171.00 in a research note on Friday, December 22nd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 target price (up from $151.00) on shares of Accenture in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $156.57.
In related news, CFO David Rowland sold 3,102 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $161.21, for a total transaction of $500,073.42. Following the completion of the sale, the chief financial officer now owns 25,012 shares of the company’s stock, valued at $4,032,184.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard Lumb sold 2,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $155.34, for a total transaction of $310,680.00. Following the sale, the insider now directly owns 121,041 shares of the company’s stock, valued at approximately $18,802,508.94. The disclosure for this sale can be found here. Insiders have sold 117,249 shares of company stock valued at $18,106,228 in the last three months. 0.21% of the stock is currently owned by corporate insiders.
Accenture Plc (NYSE:ACN) traded down $1.49 during midday trading on Wednesday, hitting $161.00. 2,214,813 shares of the stock were exchanged, compared to its average volume of 2,390,000. Accenture Plc has a 1 year low of $114.82 and a 1 year high of $165.58. The company has a market capitalization of $103,460.00, a P/E ratio of 28.55, a PEG ratio of 2.43 and a beta of 1.01.
Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.12. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The company had revenue of $9.52 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. Accenture’s revenue for the quarter was up 11.8% compared to the same quarter last year. analysts anticipate that Accenture Plc will post 6.65 earnings per share for the current year.
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Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.
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